Trump originally imposed a 20 percent tariff on EU goods but this has been suspended until July and negotiators are now seeking to avoid a full trade war over the tariffs if this level comes into force.
To be clear, because some poeple are going to misunderstand. This is a EU rep currently negotiating with the US, not a US rep. He seems to be saying they could meet whatever arbitrary fantasy for trade balance is in Trump’s head tomorrow because the EU spends enough on a couple of US exports that meeting their request is trivial or at least possible.
Thing is, it is a fair expectation that those goalposts will keep moving. And we now know for a fact Trump will blink because he’s not just blinking but cowering in a corner while begging for mercy on the back of China telling him to go trim his toupée.
The question for the EU is whether they want to kick this can down the road or fix it permanently.
I mean… could also be done by… not doing that?
To be clear, because some poeple are going to misunderstand. This is a EU rep currently negotiating with the US, not a US rep. He seems to be saying they could meet whatever arbitrary fantasy for trade balance is in Trump’s head tomorrow because the EU spends enough on a couple of US exports that meeting their request is trivial or at least possible.
Thing is, it is a fair expectation that those goalposts will keep moving. And we now know for a fact Trump will blink because he’s not just blinking but cowering in a corner while begging for mercy on the back of China telling him to go trim his toupée.
The question for the EU is whether they want to kick this can down the road or fix it permanently.